https://www.taxtmi.com/caselaws?id=252684 The Tribunal held that section 40(a)(ia) of the Income Tax Act applies to both amounts paid and payable, contrary to the Special Bench decision. The assessee's appeals were dismissed, affirming the disallowance under section 40(a)(ia) by lower authorities. The Tribunal emphasized that the Supreme Court's dismissal of the Special Leave Petition does not establish binding precedent. The judgment was pronounced on October 17, 2014, confirming the lower authorities' orders. en-us Fri, 17 Oct 2014 00:00:00 +0530 Sat, 01 Nov 2014 06:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252684 The Tribunal held that section 40(a)(ia) of the Income Tax Act applies to both amounts paid and payable, contrary to the Special Bench decision. The assessee's appeals were dismissed, affirming the disallowance under section 40(a)(ia) by lower authorities. The Tribunal emphasized that the Supreme Court's dismissal of the Special Leave Petition does not establish binding precedent. The judgment was pronounced on October 17, 2014, confirming the lower authorities' orders. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252684